>In the 4H timeframe price was moving inside a bullish channel. Forming higher highs and higher lows.
>(i)Price has formed a higher high, with it currently testing the top trendline(resistance) and a previous (ii)resistance zone. The bears are showing a shift strength as we can now see a (iii)"shooting star" on the Daily time frame.
>We are expecting the bears...
Price was rejected by a strong daily resistance zone @118.764
A retest of the Daily Bullish trend line was completed and price was rejected.
Price might drop lower to retest the Support zone @102.920
I'll be looking to sell now or look for sells on lower time frames.
I am taking the trade and have put my levels as follows.
Stop loss @120.245
Take profit 1...
>The pair is currently testing a strong resistance zone on the daily time frame as shown on the chart.
>A shooting star candle formation on the Daily time frame.
>Price retested the Bullish trendline it broke out of (late February this year) and got rejected. We can see this from the long wick on the previous candle.
>Triple top formation.
With all these...